Citizens Bank - IRA Rollover Account

IRA Rollover Account

An IRA Rollover Account is for distributions from employer-qualified retirement plans and is also known as a "Conduit IRA," since this IRA allows you to preserve your right to roll over your savings into another employer-sponsored retirement plan at some later date.

Any earnings grow tax-deferred

Distributions are generally taxable in the year they are received

A minimum of $500.00 is needed to open an IRA with the following terms:

13 month fixed

18 month fixed

30 month fixed

We also offer an 18 month variable certificate which can be opened with as little as $100.00. The minimum amount to add to this CD is $50.00. The interest rate is subject to change.

Citizens Bank also offers 401K Rollover Accounts,
call us today at 888-645-4121 for more details.

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Temporary Liquidity Guarantee Program - Our institution has elected to participate in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.